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China’s U.S. soy bookings hit six-year highs

Average sales seen to other destinations

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China has returned in full force to the U.S. soybean market following the trade dispute that began two years ago, giving American exporters hope that the upcoming shipping season will be their most successful in three years. The Phase 1 trade deal signed at the beginning of this year implied China must book record or
Comment, Markets

Comment: U.S. soy exports to China at 16-year lows so far in 2020

With prices very competitive however, lofty total-year sales forecasts may still be attainable

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Reuters – U.S. soybean exports had a dismal April performance and possibly an even worse showing in May as shipments to China remain historically low, but corn exports hit a one-year high in April and improved on those volumes last month. Soybean sales were relatively strong in May and that could continue since the U.S.
Comment, Markets

Fading U.S. soybean exports threaten to expand stockpiles

There’s little sign China will be an enthusiastic buyer in the coming months

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Reuters – It might take some extraordinary circumstances for U.S. soybean shipments to approach the government’s full-year target. Without an extended turnaround in export demand, U.S. soybean stockpiles could swell to the second-highest levels on record by September. China is likely the only country that could provide the needed lift to U.S. soybeans, but given
Nearly 16 million corn and soybean acres sat idle in 2019 due to the excessive rains.
Comment, Markets

Comment: U.S. farmers ramp up corn, soybean acres

The trend comes amid historically low futures prices

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Reuters – New-crop corn and soybean futures on the Chicago Board of Trade have reached the lowest March levels in more than a decade with just a few weeks until the kickoff of the U.S. planting season. But despite the low prices, U.S. farmers are expected to boost acreage significantly over last year’s levels, which
Grain Markets, Markets

Weak currency supports Brazilian selling

The weak real is seeing real returns for Brazilian growers rising as markets fall

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Reuters – Brazil might not be harvesting soybeans at a record pace, but farmers there are certainly selling their crops at a much quicker clip than usual due to the weak currency and uncertainty over how the U.S.-China trade deal will affect their business. Brazil typically ships more than half of its annual soybean exports
U.S. soybean sales are at a 13-year low.
Comment, Opinion

Comment: U.S. corn, soy sales at 14-year low

The dawn of the new U.S. marketing year comes with burdensome supplies and absent buyers

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As the 2019-20 U.S. corn- and soybean-marketing years begin, the amount of product sold for export through mid-month is dismal, dampening the chances of trimming domestic supplies over the next year. Through Aug. 15, some 9.94 million tonnes of corn and soybeans have been sold to foreign buyers for shipment in 2019-20, down 55 per
Corn acres harvested for grain, which are more important to production than actual planted area, came in at 82 million acres.
Comment, Opinion

Opinion: Resetting U.S. corn expectations after USDA’s acreage shocker

It would appear corn acreage actually 
is far higher than anyone expected

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Reuters | Chicago – For the second time in less than two months, overly aggressive market expectations for the U.S. corn crop tanked Chicago corn futures August 12, when the U.S. Department of Agriculture published its latest round of reports. Analysts did not think it was possible for U.S. farmers to have planted as many
Cheaper wheat export prices out of the Black Sea have been increasingly sidelining competitors.
Comment, Markets

Market bears continue to nibble on wheat as large crops loom

It’s going to take something significant to spark a meaningful price rally at this point

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Wheat traders breathed a sigh of relief in early March as Chicago futures rose, possibly signalling that the market is at least temporarily satisfied with recent contract lows. Speculators have piled into the short side of the wheat market in recent weeks, likely limiting further price falls. But bigger global crops on tap for 2019

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